Tag - jpy - japanese yen

Trading plan for May 4
Trading plan for May 4

On Wednesday, the Federal Reserve released the interest rate and the economic outlook…

USD/JPY: the Dollar tested 110.00
USD/JPY: the Dollar tested 110.00

Bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market tested the daily resistance on 110.00, but still highly overbought.

USD/JPY: the Dollar returned to 109.00
USD/JPY: the Dollar returned to 109.00

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market had reached the main daily resistance on 109.50/60 and extremely overbought now.

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